Conn’s (NASDAQ:CONN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Conn’s (NASDAQ:CONN) in a research report released on Friday morning. The firm issued a hold rating on the specialty retailer’s stock.

Conn’s Stock Performance

CONN opened at $0.10 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58. Conn’s has a 52-week low of $0.10 and a 52-week high of $5.19. The firm has a market cap of $2.43 million, a P/E ratio of -0.01 and a beta of 2.22. The business’s fifty day moving average is $0.92 and its 200-day moving average is $2.75.

Hedge Funds Weigh In On Conn’s

Hedge funds have recently bought and sold shares of the company. Equitec Proprietary Markets LLC boosted its position in shares of Conn’s by 180.9% during the 1st quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 8,142 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Conn’s during the first quarter worth $43,000. Corsair Capital Management L.P. acquired a new stake in shares of Conn’s in the 4th quarter valued at $82,000. Quadrature Capital Ltd bought a new position in shares of Conn’s in the 1st quarter valued at $144,000. Finally, Legacy Capital Wealth Partners LLC acquired a new position in shares of Conn’s during the 2nd quarter worth $149,000. 55.00% of the stock is owned by institutional investors.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.